I’m undoubtedly kind of frustrated about this “proving tariffs right” - but it remains to be shown whether this works. Very likely, even if/when they achieve scale, prices won’t come down for a very long time.
And it skips over the fact that there were so many ways to achieve this end without causing so much harm to so many industries that can’t do the same.
Tariffs can work, but they should be targeted and executed in a planned way. Completely decoupling China and US is more likely to break things than fix them.
If you look at Biden maintaining tariffs, export controls on chips, and the Chips act you see a very coordinated and purposeful policy to keep the US at the center of chip design and manufacturing.
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I’m undoubtedly kind of frustrated about this “proving tariffs right” - but it remains to be shown whether this works. Very likely, even if/when they achieve scale, prices won’t come down for a very long time.
And it skips over the fact that there were so many ways to achieve this end without causing so much harm to so many industries that can’t do the same.
Tariffs can work, but they should be targeted and executed in a planned way. Completely decoupling China and US is more likely to break things than fix them.
If you look at Biden maintaining tariffs, export controls on chips, and the Chips act you see a very coordinated and purposeful policy to keep the US at the center of chip design and manufacturing.